Clergy Advantage 403(b) Retirement Plan

" The Clergy Advantage 403b plan is as strong a retirement plan as can be found anywhere for ministers. Our pastors are doing far better financially thanks to their workshops and coaching."Melissa Sandel, Director of Ministries, West Side Christian Church

The Clergy Advantage 403(b) Retirement Plan is Unique

Ministers need a clergy retirement plan that can provide housing allowance benefits for life. But that’s only the beginning, what you really need is clergy specific tax &Learn More About the Clergy Advantage 403(b) Retirement Planfinancial coaching to really make it work well.

You’ll find both right here. 

 

Open your Clergy Advantage 403(b) Retirement Account Today

Designed for Ministry Professionals with Greater Flexibility, Superior Options, Ministry Expertise

Compare Common Retirement Savings Plans & See the Difference for Ministers:

Traditional IRA Roth IRA Standard 403(b) Clergy Advantage 403(b)

Tax Implications

1. Contributions are sometimes income-tax deductible
2. Earnings are tax-deferred
3. Distributions are generally taxable
1. Distributions are generally not taxable after age 59½
2. Contributions (but not earnings) can be withdrawn ANY time without tax or IRS penalty
3. Earnings can be withdrawn tax-free after age 59½
1. Contributions avoid income tax
2. Earnings are tax-deferred
3. Avoids Social Security tax for clergy but not for lay workers
1. Contributions avoid income tax
2. Earnings are tax deferred
3. Avoids Social Security tax for clergy but not for lay-workers
4. In addition, up to 100% of proceeds can be tax-free housing allowance even before retirement!

Typical federal tax savings on $4000 of contributions

$600, but only if you’re eligible to deduct the contributions $0 $1,200 for clergy
$600 for other workers
$1,200 for clergy
$600 for other workers

Tax treatment of distributions after age 59½

Taxable Non-Taxable Taxable For clergy, up to 100% of proceeds can be tax-free housing.

Annual contribution limit:

$5,500
($6,500 if over age 50)
$5,500
($6,500 if over age 50)
$18,000
($24,000 if over age 50) in addition to employer contributions
$18,000 ($24,000 if over age 50) in addition to employer contributions

Portability means Housing Allowance Security for Life

The Clergy Advantage 403(b) Retirement Plan gives non-denominational ministers the same advantages as those with a denominational plan, most often even better.  Keep tax-free distributions for life with the expertise to use your housing allowance benefits wherever you go.

  • Portability means you can take your plan and benefits with you even if you change jobs or leave the ministry.
  • Guaranteed Interest & Structured Investment Options
  • Roth Option
  • Extremely Low Fees or No Fees in some cases
  • World Class Money Managers
  • Over 90 funds with sector control to personalize your investment
  • Reduced Administration costs & headaches for your organization.  Administration of the plan is the responsibility of  the plan sponsor not your church, further reducing costs and hassles.
  • Educational Resources & Personal Coaching. Expert personal coaching is the hallmark of this plan. Discover the right clergy specific strategies in your retirement planning that are appropriate for you.

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